Syllabus 3.2
Inflation
Research Sites:
VID 1: What causes inflation
VID 2: Hyperinflation + Zimbabwe
VID 3: How to calculate inflation?
VID 4: The great recession
Welker: Measuring GDP
Moniac: how an economy does not work
Dictionary:

3.1 Macroeconomic Activity

  1. GDP (real)
  2. business cycle
  3. circular flow of income​
  4. expenditure flow
  5. GDP deflator
  6. ‘green’ GDP
  7. growth
  8. income
  9. injection
  10. LDC
  11. Leakage
  12. macroeconomic model
  13. macroeconomics
  14. MDC
  15. national Income
  16. national income statistics
  17. per capita income
  18. real national income/output
  19. wealth
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